Wednesday, August 31, 2011
As was the case last month, stalled economic growth and bearish economic indicators are pointing to slower growth, according to the most recent edition of the Global Port Tracker report from Hackett Associates and the Bremen Institute of Shipping Economics and Logistics.
LM Group News Editor Jeff Berman recently spoke with CEVA CEO John Pattullo about the company’s first half performance and other industry-related items.
FedEx Freight, the less-than-truckload (LTL) subsidiary of FedEx, said this week it opened three new markets in Mexico on August 1, rolling out service centers in Toluca, Puebla, and Veracruz.
Tuesday, August 30, 2011
The United States Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today that trade using surface transportation between the United States and its North American Free Trade Agreement (NAFTA) partners Canada and Mexico was up 11.0 percent in June 2011 compared to June 2010, coming in at $77.5 billion.
Class I rail carrier CSX recently announced it has invested $59 million in an intermodal terminal expansion in Columbus, Ohio, which is part of the company’s National Gateway initiative.
Clean Energy Fuels Corp., the largest provider of natural gas fuel for transportation in North America, said it will be the beneficiary of a cumulative $150 million investment as part of an effort to boost the United States natural gas vehicle sector.
Diesel prices headed north for the first time in a month, rising 1.0 cents to $3.820 per gallon, according to the Department of Energy’s Energy Information Administration.
Monday, August 29, 2011
A ruling issued by the Federal Motor Carrier Safety Administration (FMCSA) focused on mandating usage of electronic onboard recorders (EOBR) for over-the-road motor carriers was overturned by the U.S. Court of Appeals for the Seventh Circuit late last week.
Friday, August 26, 2011
Non asset-based third-party logistics services provider Road Runner Transportation Services (RRTS) continued its aggressive rate of acquisitions this week, announcing it has entered into a definitive merger agreement to acquire the outstanding stock of Prime Logistics Corporation for roughly $97.5 million.
Third-party logistics (3PL) services provider Saddle Creek Corp. recently announced it has opened new facilities in Chicago and Jacksonville, Fla. as part of its strategic plan to grow organically and through new business.